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> but what the regulators did in this part above is pure and simple blackmail and extortion

Settling out of court is blackmail and extortion?

If they thought they were innocent they could have had their day in court but instead they basically pleaded "no contest" and took their lumps.



Neither part admit or deny accusations. What the heck?? So why does DOJ even exist in the first place when such dipsy doodle can occur?


"No contest" pleas are a policy of the U.S. judicial branch, and are handled on a case-by-case basis [0]. The DOJ is an agency within the U.S. executive branch.

[0] https://en.wikipedia.org/wiki/Nolo_contendere#United_States




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